Commerce Bancshares Inc. To Repurchase $100 Million Of Its Outstanding Common Stock

May 22nd, 2015

On May 21, 2015, Commerce Bancshares, Inc. (NASDAQ:CBSH) entered into an accelerated share repurchase agreement with Morgan Stanley & Co. LLC (Morgan Stanley) to purchase $100 million of its outstanding common stock. Read more…

Banking, Material Events

JPMorgan Chase & Co. Shareholders Voting Results; 11 Directors Elected

May 22nd, 2015

JPMorgan Chase & Co.The JPMorgan Chase & Co. (NYSE:JPM) results of shareholder voting on the proposals presented were as follows: Read more…

Banking, Material Events, Today's Top News

U.S. Companies Stand To Win The Oil Price Wars With This Innovation

May 22nd, 2015

Oil WarMichael McDonald:  Although some US oil companies are struggling with low oil prices, a new wave of innovation is hitting the oil patch, allowing for a significant reduction in drilling costs.  Read more…

Crude Oil, Energy, Investing, Mining / Drilling, Oil Wars, Technology

Austria Repatriates 110 Tonnes From UK

May 22nd, 2015

Gold in a safeKoos Jansen:  Austria is repatriating gold from the vaults at the Bank Of England (BOE) at this very moment, according to Kronen Zeitung.

The OeNB (central bank of the Republic of Austria) stored 82 % of its 280 tonnes at the depository in England. It will start by bringing back 110 tonnes to Austria, to eventually have 50 % on own soil. Read more…

Banking, Europe, Gold, Government, Today's Top News, World News

Union Pacific Corporation Does Not See Coal Shipments Improving In The Second Quarter

May 20th, 2015

Union Pacific CorporationOn May 20, 2015, at the Wolfe Research Global Transportation Conference, Robert M. Knight, Jr., Executive Vice President-Finance and Chief Financial Officer of Union Pacific Corporation (NYSE:UNP), stated that, with second quarter 2015 coal volumes down approximately 25% quarter-to-date versus last year, the Company at this point does not expect Read more…

Agriculture, Material Events, Stocks

The Gap Inc. Election Of Directors Voting Results

May 20th, 2015

gapGap Inc (NYSE:GPS) held its annual meeting of shareholders in San Francisco, California. As of March 23, 2015, the Company’s record date for the Annual Meeting, there were a total of 419,734,675 shares of Common Stock outstanding and entitled to vote at the Annual Meeting. Read more…

Material Events, Retail

Caterpillar Inc. (NYSE:CAT) Rolling 3 Month Retail Sales Statistics

May 20th, 2015

Caterpillar IncCaterpillar Inc. (NYSE:CAT) is furnishing supplemental information concerning (i) retail sales of machines to end users and (ii) retail sales of power systems (including reciprocating and turbine engines and locomotives) to end users and Original Equipment Manufacturers (“OEMs”). Read more…

Material Events, Retail, Stocks

Are US Drillers Actually Making A Comeback?

May 20th, 2015

Oil WorkerNick Cunningham:  Is US shale about to make a comeback?

Oil prices have rebounded strongly since March. The benchmark WTI prices soared by more than 36 percent in two months, and Brent has jumped by more than 25 percent. Read more…

Crude Oil, Economy, Markets, Mining / Drilling, Oil Wars

Five Major Banks To Plead Guilty To Rigging Currency Markets

May 18th, 2015

Kurt Nimmo:  Five major international banks are expected to plead guilty as soon as next week to criminal charges in the US related to their deliberate manipulation of global foreign exchange markets, which allowed them to rake in billions of dollars at the expense of retirees, university endowments and municipalities. Read more…

Banking, Currency, Currency Wars, Economy, Government, News Of The Weird, Today's Top News

79 Members Of Congress Have Been In Office For At Least 20 Years

May 18th, 2015

Washington US Capitol close upMichael Snyder:  No wonder Washington never changes – 79 members of Congress have been there since Bill Clinton’s first term in the White House.  This list includes names such as Reid, Feinstein, McConnell, McCain, Pelosi, Boehner, Rangel and Boxer.  Read more…

Economy, Government, News Of The Weird, Politics, Today's Top News

The Next Gold Bull Market Starts Before October

May 18th, 2015

Gold BullJeff Clark:  I’m going out on a limb: I think the next bull phase in the gold market gets underway before October.

Why?

China. Read more…

Banking, China, Gold, Stock Market, World News

Exchange-Traded Funds Prepare For A ‘Liquidity Crisis’ And A ‘Market Meltdown’

May 18th, 2015

currency dollar and manMichael Snyder:  Some really weird things are happening in the financial world right now.  If you go back to 2008, there was lots of turmoil bubbling just underneath the surface during the months leading up to the great stock market crash in the second half of that year.  Read more…

Banking, Economy, ETF, Markets, Stock Market, Stocks

No Money, No Growth

May 17th, 2015

fiat-moneyJohn Rubino:  Last August, the US Fed stopped creating new currency out of thin air and dumping it into the banking system.

Which is another way of saying the US money supply stopped growing. Read more…

Banking, Economy, Federal Reserve, Inflation/Deflation, Markets

Economist on Gold – A Dissection

May 17th, 2015

Gold Bars:  In early May, the Economist has published an editorial on gold, ominously entitled “Buried”. We wanted to comment on it earlier already, but never seemed to get around to it. It is still worth doing so for a number of reasons. Read more…

Economy, Gold, Investing, Markets, Stock Market

NBC News Confirms Obama Lied About Bin Laden Raid

May 14th, 2015

Obama LiesMac Slavo:  Pulitzer Prize winning investigative journalist Samuel Hersh claimed yesterday that the Obama administration lied to the American people about certain aspects aspects of the 2011 raid that killed Osama Bin Laden. Read more…

Government, Military and Police, News Of The Weird, Today's Top News, World News

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